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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> down 94. were in triple digits earlier. it is february. what does this expect? it is snow and two storms are heading towards the northeast. they may merge and become a doozy beginning friday afternoon. weather channel's paul goodloe is tracking it for us. hi, paul. >> hi, how you doing? you talked about those storms merging. and they will bring the biggest dump of snow we've seen in a year and a half. new york city start with rain as we have two systems. one, a clipper across the midwest bringing detroit and michigan some snow but also the southern snow giving south some rain. they will come together an form a new storm, a nor'easter off-shore. as they do so we will plenty of wind,
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> down 94. were in triple digits earlier. it is february. what does this expect? it is snow and two storms are heading towards the northeast. they may...
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Feb 7, 2013
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the payroll tax increase is probably the most significant tax increase of all of the increases coming through here in 2013. it negatively impacts disposable income growth, and there's about an 85% correlation between income growth and spending. we think that spending will be pressured throughout the year. we do like the trade down in terms of some of the value oriented retailers catching the share. and we like them positioned more at the high end because we think the consumer is going to be more insulated. >> you have michael coors on your list. that story has read well since that company went public. and from ralph's results earlier in the week that the high end is holding up. and maybe the negative from coach and tiffany. >> we're very constructive on michael kors going into earnings next week. very strong sales results there. the handbag category has been pretty good. but up and comers, including michael kors eating away at coach's market share. tiffany's got some challenges just in the jewelry category, which has been one of the most inflation impacted categories here over the las
the payroll tax increase is probably the most significant tax increase of all of the increases coming through here in 2013. it negatively impacts disposable income growth, and there's about an 85% correlation between income growth and spending. we think that spending will be pressured throughout the year. we do like the trade down in terms of some of the value oriented retailers catching the share. and we like them positioned more at the high end because we think the consumer is going to be...
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Feb 8, 2013
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higher ta tax rate to 15% from 10. and governor wanted more funds dedicated to addiction services. those additions are expected to happen, and it should pass being the third state with nevada and delaware allowing gambling on-line. the companies would be based in new jersey too. that means gambling revenue as well as jobs would come into the state. you know how gambling has been a big way it get revenue in the tight times of state budgets. also, out of state gamblers could be allowed to do this as well. if they are on state allowed gambling. right now there is only two others. on the stock side, take a look at these names here. according to the wall street journal, they signed deals to service the industry. in new jersey. they traded in london but had huge days, bwin almost 15 times its average daily volume. i want to point out people, this legislation has nothing to do with sports betting. new jersey is moving ahead with that as well but can't start doing it until or unless they settle a lawsuit with major sports and ncaa. with the thing with on-line betti betting, they are in ear
higher ta tax rate to 15% from 10. and governor wanted more funds dedicated to addiction services. those additions are expected to happen, and it should pass being the third state with nevada and delaware allowing gambling on-line. the companies would be based in new jersey too. that means gambling revenue as well as jobs would come into the state. you know how gambling has been a big way it get revenue in the tight times of state budgets. also, out of state gamblers could be allowed to do this...
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Feb 7, 2013
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>> well, i think if indeed the consumer is feeling strapped somewhat by the payroll tax going back in, being implemented again, then i think that hurts a lower end product like a cereal much more than it does the higher end products, so, i guess i'm going to side with the bear. >> way to go. >> victory for brian kelly. >> that's it? you don't get -- >> no, i decided. >> get sallie back here. >> she's going to love you after that hoya comment. nice. >> she'll never come back again. all right. let's go to brian sullen and you're taking a look at how options traders are playing gis. >> i think b.k. is short-lived on the victory speech here. if you look at the option activity today, we saw a buyer, 500 calls, the april 43 calls, paying 54 cents, so, the option trader seeing general mills trade to the upside, you know, 5%, 10% here, fom lowing their earnings report coming up in march. sort of an earnings play. bull activity here. and have to side with the new warren buffett here, he's outperformed the s&p for the last 25 years. he likes cereal names. specifically post. but general mills ve
>> well, i think if indeed the consumer is feeling strapped somewhat by the payroll tax going back in, being implemented again, then i think that hurts a lower end product like a cereal much more than it does the higher end products, so, i guess i'm going to side with the bear. >> way to go. >> victory for brian kelly. >> that's it? you don't get -- >> no, i decided. >> get sallie back here. >> she's going to love you after that hoya comment. nice....
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Feb 8, 2013
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they evaded taxes with the help of ubs. then they paid back their taxes plus a 20% fine when they took part in an irs amnesty a couple years ago. then they tried to recover some of those damages claiming that ubs failed to tell them that they actually needed to disclose those ubs accounts. by failing to do that, obviously, they committed tax evasion. but, again, the appeals court has thrown out that lawsuit and saying the plaintiff's case is like children who sue their parents to recover tax penalties because their parents failed to raise them to be honest people. it's hard not to be cynical for this story because some of the litigation risk has been removed. back in 009, ubs paid a heavy fine where ubs handed over 4,450 client names. back over to you. >> carolin, thank you. >>> monte paschi is saying it's handing over legal action to those who damage their -- this morning. >> meanwhile, a portrait of picasso's mistress sold this week. so in a time when markets are sinking and debts are recessing, how is the art market stil
they evaded taxes with the help of ubs. then they paid back their taxes plus a 20% fine when they took part in an irs amnesty a couple years ago. then they tried to recover some of those damages claiming that ubs failed to tell them that they actually needed to disclose those ubs accounts. by failing to do that, obviously, they committed tax evasion. but, again, the appeals court has thrown out that lawsuit and saying the plaintiff's case is like children who sue their parents to recover tax...
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Feb 7, 2013
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and this is an entirely tax-payer fueled entity. >> eamon, you know the answer to that. the way that the u.s. army can say, we don't have operatives in south america. they didn't but they were paying mercenaries to be down there. >> yeah, look, a lot of this is is done in a very hidden way. very merurky world. we had so sift through record to find the corporate structure to find out the global strategies group for example, registered in luxembourg, not england. there are subsidiaries of sun sid arearies. it is hard to keep track of them and they are easily lost in the shuffle. that might be an advantage, right, if you're in the intelligence game? >> sounds fascinating and for fewers, can you read eamon's full report on cnbc.com. >> let's get a storm-related market flash from josh lipton. >> hey, brian. down day but there are names in the green and one of them is the generator maker, generac. they got a bounce from hurricane sandy and it is up again ahead of the storm barreling towards us here in the northeast. generac up just about 1%. >> thanks. now the fashion police,
and this is an entirely tax-payer fueled entity. >> eamon, you know the answer to that. the way that the u.s. army can say, we don't have operatives in south america. they didn't but they were paying mercenaries to be down there. >> yeah, look, a lot of this is is done in a very hidden way. very merurky world. we had so sift through record to find the corporate structure to find out the global strategies group for example, registered in luxembourg, not england. there are...
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Feb 8, 2013
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but i think that exporters are creating fictitious transactions in order to get export tax rebates. that's been inflating china's export numbers. ministry of commerce knows this but they haven't been adjusting numbers down. to show you how bad this is, beijing says exports to south korea in 2012, last year, increased by 5.7% but the south koreans say that their imports from china decreased by 6.8%. now those two numbers can't be both correct. and nobody is questioning the south korean numbers. what's happens is we have seen a lot of problems with very low cargo numbers but very high export numbers. just cannot exist in the same universe. >> how do you know the government knows these numbers are inflated but can't adjust them down? do we have evidence that they know that the numberers are wrong but they put them out anyway? >> i think we know all about this. this is extensively reported for a couple months now. so if they don't know about it in beijing, they just haven't been reading the newspapers. this is not a big secret. and the problem is that a lot of these transactions occur r
but i think that exporters are creating fictitious transactions in order to get export tax rebates. that's been inflating china's export numbers. ministry of commerce knows this but they haven't been adjusting numbers down. to show you how bad this is, beijing says exports to south korea in 2012, last year, increased by 5.7% but the south koreans say that their imports from china decreased by 6.8%. now those two numbers can't be both correct. and nobody is questioning the south korean numbers....
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Feb 5, 2013
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but it just so happened, at the end of the year, taxes seemed to go bp's way. instead of a tax rate of around 336% to 38%, they were paying about 16% and that actually is nearly all the difference. so that is not something which unfortunately we would expect something to happen on a quarterly basis. so take the money now. it's good news, but not something that you build into 2013. >> so why is the stock up to 32%? clearly that's not an operational thing. >> you're getting a little bit of melt yumm coming back in the gulf of mexico. overall volumes were down 7% year on year. if you take out the divestment, take out psas, they were down less than 1%. if you look at the u.s. liquids production, which is a real guide because it's seasonal, that was up around 45,000 barrels a day. so you've had two big fields which started at the end of the third quarter, which had been up and running for the fourth quarter. we're starting to see those come through in the fourth quarter. that's a tick in the box of what they said they were going to be doing. >> yeah. seymour pierce
but it just so happened, at the end of the year, taxes seemed to go bp's way. instead of a tax rate of around 336% to 38%, they were paying about 16% and that actually is nearly all the difference. so that is not something which unfortunately we would expect something to happen on a quarterly basis. so take the money now. it's good news, but not something that you build into 2013. >> so why is the stock up to 32%? clearly that's not an operational thing. >> you're getting a little...
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the tax increases and the payroll tax elimination reduces, so your forces are going in different directions. >> -- austerity and even people in the bond pits will argue we need to stop government spending. you hear rick santelli talking about this all the time. can we survive the process of the austerity? >> i think it's going to be a drag on economic growth. part of the growth over the last two years was the fact that we postponed the deleveraging of the public sector and consumer spent more income than otherwise. as we do that there will be a cost of deleveraging the public sector that slows down growth and is the pickup in economic activity on average growth is going to be below trend. i'm not saying recession. 1.6, 1.7 is okay, unemployment is going to remain high. it's not going to fall to 7% which is the figure for the fed to stop qe this year. not going to fall to 6.5% for the fed to stop zero policy rate. >> i think they're going to stop qe flee when there will be an unemployment rate close to 7%. it's 7.9 right now. paradoxically when the economy picks up -- >> stop at 7% you mean
the tax increases and the payroll tax elimination reduces, so your forces are going in different directions. >> -- austerity and even people in the bond pits will argue we need to stop government spending. you hear rick santelli talking about this all the time. can we survive the process of the austerity? >> i think it's going to be a drag on economic growth. part of the growth over the last two years was the fact that we postponed the deleveraging of the public sector and consumer...
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we already know that because of payroll tax holidays eatio and the additional taxes applied to households, that will shave about 1.1% off the gdp. if we went into the sequester and allowed the $110 billion to be taken out of the economy as was its face value, that would be about another .7 of 1%. collectively about a 1.8% hit the gdp on an annualized basis. that leaves little margin of safety. so hopefully some effort to perhaps trim that sequester amount to something a little bit more reasonable. at least back end loaded, will enable the economy to muster some momentum. >> yet, mark, $77 billion of new cash, according to trim tabs, came into the market in january. would you be a contrarian with that or would you say strength? >> i think it's a little too soon to call it the great rotation that everybody's been anticipating. i think it's encouraging. i wouldn't necessarily be prepared to take a contrarian position on that, to say that now that means all the retail money has flocked in like lemmings equity prices after they already moved up substantially. i think we have a long way to go.
we already know that because of payroll tax holidays eatio and the additional taxes applied to households, that will shave about 1.1% off the gdp. if we went into the sequester and allowed the $110 billion to be taken out of the economy as was its face value, that would be about another .7 of 1%. collectively about a 1.8% hit the gdp on an annualized basis. that leaves little margin of safety. so hopefully some effort to perhaps trim that sequester amount to something a little bit more...
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Feb 4, 2013
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accruals, deferred tax accrualaces on half or more than half a billion euros. keep an eye on shares for reaction. look at that popping up about a quarter of 1% now. here is a quick look at today's other top stories. there's been lots of earnings. boeing's 737 jet may have other issues. companies blame outsourcing as poor parts operating outside of boeing's control. one engineer said unlike other boeing jets, the power distribution jets are like radio shack with parts that are cheap and broken to failure. boeing denies its supply of 787 suppliers was insufficient. >>> a pair u.s. pension funds are suing plaquerock alleging blackrock and etf intended to take a percentage of investments for themselves as disproportionate. blackrock shares apparently responding in suit, up 1.75% and doing quite well over a three-month period up almost 20%. >>> the long shoreman's union and workers have agreed to a deal. a walkout would have halted cargo shipments making the first work stoppage in 35 years. and the u.s. government and mexican growers have reached a tentative deal to
accruals, deferred tax accrualaces on half or more than half a billion euros. keep an eye on shares for reaction. look at that popping up about a quarter of 1% now. here is a quick look at today's other top stories. there's been lots of earnings. boeing's 737 jet may have other issues. companies blame outsourcing as poor parts operating outside of boeing's control. one engineer said unlike other boeing jets, the power distribution jets are like radio shack with parts that are cheap and broken...
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Feb 6, 2013
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so we ended the year before the big tax, social security tax hike, with the labor markets at n pretty good shape. >> dick kohy, ladies and gentlemen. applause. >> economist are able to talk even without introductions. this is a very common behavior an commerce -- >> and behavior, too. >> panera's, what, middle line, not an expensive place, not the cheapest place out there. >> right. not a dollar menu but not a sit down either. >> i'm always flabbergasted by what to think of mcdonald's. >> it means -- it's on its own. i wouldn't say -- mcdonald's, walmart, they mean something. >> mcdonald's is always the funny call. if mcdonald's does well, does that mean that people are trading down? i believe they're trading down. >> or doing well -- >> except they went up with the higher margins with some of their mccafe and stuff. chipotle did well. you saw that. >> right. >> that was less a function of the economy and more a function of the fact that they expanded their stores dramatically. >> there should be as much mexican food in the united states as possible. i just love it. >> i love chipotle
so we ended the year before the big tax, social security tax hike, with the labor markets at n pretty good shape. >> dick kohy, ladies and gentlemen. applause. >> economist are able to talk even without introductions. this is a very common behavior an commerce -- >> and behavior, too. >> panera's, what, middle line, not an expensive place, not the cheapest place out there. >> right. not a dollar menu but not a sit down either. >> i'm always flabbergasted by...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> check out the auto parts retailers today, a couple of them moving sharply higher. some folks figure it makes more sense fixing up a car they have rather than buying a new one. that's helping advance this space. advanced auto parts is shooting higher. beats on the bottom line. same store sales fall, but less than the last quarter. another one is o'reilly automotive. their fourth quarter income pops 8%. and same store sales hit a record. carl, back to you. >> at least something's working, josh, with the dow now down almost 130. thanks. we're seeing quite a selloff in the markets here today. joe greco of meridian equity partners here with me at post 9. europe is closed. this is normal
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> check out the auto parts retailers today, a couple of them moving sharply higher. some folks figure it makes more sense fixing up a car they have rather...
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tax code. retailers and brands alike have more than doubled in value since its initial public offering. a strong distribution strategy and solid brand perception among domestic and international consumers. that's all part of the equation that's head to success for michael kors. private equity firm kelwood, sources say the firm has been considering an ipo since the fall. and now that that lawsuit has been settled, some speculate an ipo may not be far off. that will be a big one, garnering lots of attention if and when it does happen. simon? >> it is going to be a fascinating year. courtney, thank you very much. subjective apple, did you read over the weekend that the amount of market cap that apple has lost since september the 21st is 35 times the current value of blackberry. that's the scale of the value that has been destroyed in apple. take a look at where the dow is trading at the moment. we are now moving back downward, 117 points. having lost 14,000 at the open. after the break, we're goin
tax code. retailers and brands alike have more than doubled in value since its initial public offering. a strong distribution strategy and solid brand perception among domestic and international consumers. that's all part of the equation that's head to success for michael kors. private equity firm kelwood, sources say the firm has been considering an ipo since the fall. and now that that lawsuit has been settled, some speculate an ipo may not be far off. that will be a big one, garnering lots...
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we see taxes go up, we see weak, planned business spending. you have to be a little bit more cautious than the market seems to want to be right now. >> business investment is up, and i saw, i think dana telsey was on a program preceding this one on cnbc saying that actual january trends in retail look pretty good. i mean the airlines have done well, also. >> i hear you loud and clear. but then why are -- why is truck to beage down? if retail is doing so well, where are those goods coming from? when you look at the volumes of containers coming into our ports, you look at the volumes being moved by truck, it's negative and that means there's less product somewhere being moved, being sold. >> so if we went to the declining trucking tonnage as the leading indicator that is not boding well, what are the implications for an investor in this space? don? >> well, it implies that most of these companies are a little bit ahead of themselves. that most of these stocks are fairly or fully valued. we recommend things like union pacific because we're moving
we see taxes go up, we see weak, planned business spending. you have to be a little bit more cautious than the market seems to want to be right now. >> business investment is up, and i saw, i think dana telsey was on a program preceding this one on cnbc saying that actual january trends in retail look pretty good. i mean the airlines have done well, also. >> i hear you loud and clear. but then why are -- why is truck to beage down? if retail is doing so well, where are those goods...
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Feb 1, 2013
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the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know you're not a stock guy, not going to give me something specific on herbalife but i know you know these guys. who's right? >> so i'll caveat my answer with the fact that i've not studied herbalife. i don't know whether -- knowing all of the different players, i've known some better than others for a long time. dan lobe is one the most talented investors in the world. he's a good friend. and i would never bet against dan lobe. so i think ackman's got a tough road from here. >> thanks for having a little fun with that. carl, you heard it there. do not bet again
the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know...
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tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats have to recognize the best way to do it isn't raising marginal rates and underwriting an inefficient system. >> as someone who spent last week at davos and he said that he talked to a large number of european ceos who are eager about investing in the united states because of our projected suspensionly lower energy policy because of shell of course we're going to get out of our way and saying let them do it. but that's encouraging that they can think about moving plants here now. >> absolutely. i was at davos, too, and the most
tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats...
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but people are paying high tax. big pressure on retailers who continue to innovate whether it's in digital or promotion. who do you see out there that's doing that the best? >> we're not -- where i see product innovation occurring, i think it's with companies like urban outfitters who are transforming their product assortment. i think companies like nordstrom are doing a very good job by collaborating with companies like top shop to become younger. .michael coors continues to show the strength of having a runway of market share to grow into. and take a look at companies like phillip vanhussen, who are transforming their business here and overseas with calvin klein. >> dana, thank you very much for that this morning. people should enjoy it while they can, getting the same store sales figures. the markets are cautiously higher. dow down about 15 points. >> and it's decision time in the ecb. economists aren't expecting a change in policy, but we'll be looking for any explicit reference to the exchange rate confidence i
but people are paying high tax. big pressure on retailers who continue to innovate whether it's in digital or promotion. who do you see out there that's doing that the best? >> we're not -- where i see product innovation occurring, i think it's with companies like urban outfitters who are transforming their product assortment. i think companies like nordstrom are doing a very good job by collaborating with companies like top shop to become younger. .michael coors continues to show the...
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Feb 8, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "squawk box." we're going to get trade data in just a minute. first the weather channel's mike seidel joins us with an update of what's going on. good to see you finally, mike. >> hey, good morning, andrew. out here at revere beach, just north of logan, the north shore of boston, where the snow is going to be here in here in a matter of few minutes. we're looking at a blizzard warning for parts of seven states. the entire state of connecticut, and coastal areas of massachusetts, a coastal flood warning. high tide in about an hour comes up to about here. we're concerned about the high tide tonight and 10:00 a.m. tomorrow morning. that's going to take the atlantic up
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "squawk box." we're going to get trade data in just a minute. first the weather channel's mike seidel joins us with an update...
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no suggestion there was any motivation about the proposed 57% tax. >>> and we're just about two days away from one of the biggest sporting events in america. the super bowl. the baltimore ravens and the san francisco 49ers are battling it out. there will be plenty of auction off the field. brian shactman has been taking a look at the business of advertising ahead of the big game. >> everyone has their choice for what they consider a classic super bowl ad. whether you like contact, any use of the force, as well as inanment objects knowing how to get down. >> it's that kind of party. hit it. >> the super bowl is one part football, one part tailgate and one part cultural super bowl phenomenon dating back 30 years. >> when we all saw that 1984 xlushl for apple, i think that's when we really all started to loot a commercials in a different light for the super bowl. >> fast forward to 2013 and the ads are scrutinized as much as the game and the cost is enormous. mercedes benz made an eight-figure commitment and brought in super model kate upton to launch an entirely new line of cars. >> it
no suggestion there was any motivation about the proposed 57% tax. >>> and we're just about two days away from one of the biggest sporting events in america. the super bowl. the baltimore ravens and the san francisco 49ers are battling it out. there will be plenty of auction off the field. brian shactman has been taking a look at the business of advertising ahead of the big game. >> everyone has their choice for what they consider a classic super bowl ad. whether you like...
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answers. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. [ male announcer ] engine light on? come to meineke now for a free code scan read and you'll say...my money. my choice. my meineke. >>> bottom of the hour now. welcome back. i'm randi kaye. here are five stories we're watching. number one is the desperate waiting game in alabama where a suspected gunman is holding a 5-year-old boy in an underground buncher. they've been in the bunker five days now. police say the man is 65-year-old jimmy lee dikes. his reason for taking the boy, still not clear. police have been communicating with the suspect through a pipe that goes down into that bunker. the white house says there is no doubt about it. the deadly attack on a u.s. embassy in turkey was an act of terror. it killed a turkish security guard and injured a turkish journalist. authorities say this man blew himself up outside the embassy. he is known t
answers. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. [ male announcer ] engine light on? come to meineke now for a free code scan read and you'll say...my money. my choice. my meineke. >>> bottom of the hour now. welcome back. i'm randi kaye. here are five stories we're watching. number one is the desperate waiting game in alabama where a suspected...
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back...
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as for the debate over raising taxes as a way to reduce a deficit, he said the answer will require sacrifice from everyone. >> well, i don't think the issue right now is raising rates. the question is if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there is still some waste in government. can we reform our health care programs in particular, because we spend a lot more on health care than every other country does, and we don't get better outcomes. so there is a lot of waste in the system. and there are things that we can do to reduce health care costs. and can we close some loopholes and deductions that folks who are well connected and have a lot of accountants and can take advantage of, so they end up paying lower rate that's an bus driver or a cop. can we close some of those loop holes? if we combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and things that will help us grow. >> meantime, the president leaves washington tomorrow for minnesota to
as for the debate over raising taxes as a way to reduce a deficit, he said the answer will require sacrifice from everyone. >> well, i don't think the issue right now is raising rates. the question is if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there is still some waste in government. can we reform our health care programs in particular, because we spend a lot more on health care than every other country does, and we don't get...
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. >>> a connecticut lawmaker who represents the newtown district is calling for a sin tax on violent video games. state representative debra lee hovey, a republican whose district includes sandy hook is proposing a bill that calls for a 10% tax on games rated mature with the proceeds funding mental health education about the dangers of violent entertainment. >>> are you old enough to vine? twitter's video watching and sharing application has been slapped with a 17 plus rating after several porn clips were uploaded. one of them accidentally ended up on the editor's picks page. that was quickly taken down. the year-old app was originally targeted to tweens 12 and up. >>> check out these cool pictures from nasa taken from the space station. you're looking at the caribbean sea near the northwest coast of trinidad. do you see those ripples? those are underwater waves or internal waves, as they call them. they're moving slowly hundreds of feet, hundreds of feet beneath the surface. they produce enough of the effect to be seen from space but only when the sunlight is reflected just right, l
. >>> a connecticut lawmaker who represents the newtown district is calling for a sin tax on violent video games. state representative debra lee hovey, a republican whose district includes sandy hook is proposing a bill that calls for a 10% tax on games rated mature with the proceeds funding mental health education about the dangers of violent entertainment. >>> are you old enough to vine? twitter's video watching and sharing application has been slapped with a 17 plus rating...
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there are plenty of reasons -- >> perry touts texas' low taxes and easier business climate compared to california. >> everybody wants jobs. people have been moving into texas. >> a nice place. >> we have seen an inflow of migration. >>> the white house with a key deadline and republicans vowing to do something about that. >>> instead of kids fly free, how about kid-free flights. we'll explain how you can soon fly without crying babies within earshot. you can watch us anytime on your desktop or mobile phone. just go to cnn.com/tv. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. you know who you are. you can part a crowd, without saying a word... if you have yet to master the quiet sn
there are plenty of reasons -- >> perry touts texas' low taxes and easier business climate compared to california. >> everybody wants jobs. people have been moving into texas. >> a nice place. >> we have seen an inflow of migration. >>> the white house with a key deadline and republicans vowing to do something about that. >>> instead of kids fly free, how about kid-free flights. we'll explain how you can soon fly without crying babies within earshot....
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. . >>> welcome back to "starting point." minding your business. u.s. stock futures down. later this morning, key data on manufacturing. friday, what a day that was. the dow jones industrial average, closing above the 14,000 mark for the first time in five years. connie mack cheering about that. hyundai won big in the super bowl auto ad wars. a young boy and his mother grabbing up a group of friends in a santa fe suv to confront a group of bullies. according to edmunds.com, websites about the car saw a 738% increase after this spot aired. the ad far surpassed the next car ad, the audi a6. >>> the nra refusing to back down. wayne la pierre tells fox news that the president wants to take a
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. . >>> welcome back to "starting point." minding your business. u.s. stock futures down. later this morning, key data on manufacturing. friday, what...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. and save hundreds with our best offer yet, now extended due to popular demand. get an adt se
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. ♪ need help keeping your digestive balance in sync? try align. it's a probiotic that fortifies your digestive system with healthy bacteria 24/7. because your insides set the tone. stay in the groove with align. . >>> 11 minutes past the hour.
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of...
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> want to get you right back to the live pictures here in minneapolis. here he is, the president of the united states, speaking in minneapolis, taking the national conversation of gun control to the people. >> i've gotten soft over the last four years. when i was in chicago, this was nothing. now it's something. but i'm grateful for all of you being here today. i want to thank chief hartow and the entire minneapolis police department for having me here today. there are a number of other people i want to acknowledge here. first of all, a wonderful man and one of america's greatest public servants is here, walter mondale, former vice president. your outstanding governor, mark dayton, is here. two great mayors, mayor artie rybak of minneapolis, and mayor chris coleman of st. paul. and your outstanding congressional delegation senator amy klobuchar, senator al franken, representative kei
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> want to get you right back to the live pictures here in minneapolis. here he is, the president of the united states, speaking in minneapolis, taking the national conversation of gun control to the people. >> i've gotten soft over the last four years. when i was in chicago,...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> change is coming, the postal service is stopping saturday delivery of your cards and letters which started way back in 1863, has been uninterrupted for more than half a century. cnn's national political correspondent jim acosta has details for us. jim, this is a major decision by the postal service. saturday delivery started in 1863? >> this is a big change, wolf. the unofficial motto is, neither senator nor rain nor heat of the night keeps the couriers from their rounds except you can add to that letters on saturday. you've got mail, but soon probably not on saturdays. starting in august, the u.s. postal service is holting delive holting letters. package delivery will continue. it
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> change is coming, the postal service is stopping saturday delivery of your cards and letters which started way back in 1863, has been uninterrupted for...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> let's get back to one of our top stories. in southern california, a manhunt is under way for a fired los angeles policeman suspected in a series of attacks that has already left two people dead and one wounded. it all started on sunday. police say christopher jordan dorner shot and killed two people in irvine. then, last night he attempted but failed to steal a boat in san diego. at 1:25 a.m. this morning california time he got into a shootout with police in chino but got away. two hours later he misled in riverside. he is still at large. to learn more, let's bring in joe johns. joe, there's some pretty sophisticated weapons. what do we know? >> from a law enforcement standpoint, i
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> let's get back to one of our top stories. in southern california, a manhunt is under way for a fired los angeles policeman suspected in a series of...
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and we also saw retail jobs hold in there, even as a payroll tax expiration, the holiday expiration, many worry that you see retail jobs get hit. that didn't happen at you will. we saw so much information, some of it conflicts, wolf, about what is happening on the economy. gdp over here on the bearish side of the ledger. it actually sha rank. that's a job concern. jobless claims rose in the recent week. consumer confident got hit. but durable goods, home prices, the fed, private sector job growth, all of those are lining up in favor of continued growth in the u.s. economy. wolf? >> christine, thank you. >>> president obama reportedly will be changing offices in the coming months, at least for a temporary period. the president will move out of the white house oval office into a replica across the street in the eisenhower executive office building. the current oval office was built during franklin roosevelt's term. it's due for a major, major renovation. >>> sad news from former president george w. bush and his wife laura, their 12-year-old dog has died. barney guarded the south lawn e
and we also saw retail jobs hold in there, even as a payroll tax expiration, the holiday expiration, many worry that you see retail jobs get hit. that didn't happen at you will. we saw so much information, some of it conflicts, wolf, about what is happening on the economy. gdp over here on the bearish side of the ledger. it actually sha rank. that's a job concern. jobless claims rose in the recent week. consumer confident got hit. but durable goods, home prices, the fed, private sector job...
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code that results in them paying a vastly lower tax rate than most of us in this room, and most every average american out there. that is a balanced approach that is broadly supported by the american people, and irresponsible way to reduce our deficit. it was endorsed by several bipartisan commissions who have addressed with their own proposals the fiscal challenges we face. the president absolutely intends to put forward, as he continues negotiations with congress -- this was the prior to the primary subject of debate in last year's election. the american people were pretty clear about which approached the preferred. steve? >> 43 republican senators signed a letter to the president today, saying they would block any nominee for the consumer financial protection bureau, unless you change the law, the same stance they had in the last congress. i wonder if you have any reaction. >> it is unfortunate that a minority of the u.s. senate continues to oppose the implementation of wall street reform designed to protect the american taxpayer from the kind of crisis we sought engendered by the
code that results in them paying a vastly lower tax rate than most of us in this room, and most every average american out there. that is a balanced approach that is broadly supported by the american people, and irresponsible way to reduce our deficit. it was endorsed by several bipartisan commissions who have addressed with their own proposals the fiscal challenges we face. the president absolutely intends to put forward, as he continues negotiations with congress -- this was the prior to the...
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we are willing to tax ourselves. that is surely the right way to make those decisions. >> they did not decide to tax themselves. they decided to tax those five rich guys over in the corner. >> unfortunately, we have reached a point in our program where there is only time for one last question. i think you may be in agreement on this. we are having lunch in san francisco and it has been an exciting time for sf it relates to the 49ers. i will ask you your outlook, who is to win the super bowl? >> i will not claim to be an expert. i will not vote with my head, but with my heart, i think the forney diners will win because i want them to. -- 49ers will win because a month until. >> you are sitting between two cal folks. >> 49ers by 10 points. >> lecture at the stanford graduate school of his next, and former director of national economic council under president george w. bush, and dr. christina, professor of economics at the university of california at wrigley and the former chair of president obama 's economic advisor. t
we are willing to tax ourselves. that is surely the right way to make those decisions. >> they did not decide to tax themselves. they decided to tax those five rich guys over in the corner. >> unfortunately, we have reached a point in our program where there is only time for one last question. i think you may be in agreement on this. we are having lunch in san francisco and it has been an exciting time for sf it relates to the 49ers. i will ask you your outlook, who is to win the...
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i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of talking about it, but in humanitarian immigrationen't any enforcement regime, we are doing something that is on sound. step one, acknowledged that in the immigration law that says a person, is not a bad person >> there were 13.6 million people who apply for diversity lotteries in 2010. those people were an understatement, because they were heads of households who had a spouse and kids. all but that number by two, three, four. think about the number of people without a high-school diploma. these are not bad people. step one, understand not o
i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of...
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you know it comes owflt same pocket when you label tax must be or federal tax money. it comes out of the same pocket. there ought to be a growing concern when we were borrowing 40 cents on every dollar. we are driving the country to the verge of bankruptcy. there's always the tempation. we talked earlier luncheons have consequences. we have to put people in place in washington that understand that this spend more -- for a couple of congressional hearing and said from a utah perspective and other states will join us. we'll take less money. don't dangle it out in front. we'll take less money and why don't you say we'll take 20% less money in utah. take away the strings. unfetter me. ly find innovative ways to do things. i'll create better opportunities. we don't have to have a diminishment of services because we have less money. question can do more with less and utah we're proving it. government has labor intensive. do you know in utah today we have fewer state employees today in 2013 than we had back in 2001. a dozen years ago yet 6 to 700,000 more people. we are a fa
you know it comes owflt same pocket when you label tax must be or federal tax money. it comes out of the same pocket. there ought to be a growing concern when we were borrowing 40 cents on every dollar. we are driving the country to the verge of bankruptcy. there's always the tempation. we talked earlier luncheons have consequences. we have to put people in place in washington that understand that this spend more -- for a couple of congressional hearing and said from a utah perspective and...
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you don't comes out of the same pocket when you label it state tax money or federal tax money. they came sabha -- it comes out of the same pocket. there ought to be a growing concern when they're borrowing 40 cents on every dollar that we are driving this country into the verge of bankruptcy. i don't think the sky has fallen from the standpoint can we make adjustments and that its era parable or irreversible but we have to start waking up and saying states have a responsibility. we can't keep going there with the handout. it's hard for us to say if we don't take it that money will be distributed somebody else. we still have to pay it back. my kids and my grandkids are going to be on the hook for that growing expense. so there is always that temptation. we talked earlier. it elections have consequences. we have to put people in place in washington that understand that this form of spend more, borrow more has got to stop. we have to come up with some kind of fiscal restraint here in washington. states can help. i have testified before a couple of congressional hearings and said f
you don't comes out of the same pocket when you label it state tax money or federal tax money. they came sabha -- it comes out of the same pocket. there ought to be a growing concern when they're borrowing 40 cents on every dollar that we are driving this country into the verge of bankruptcy. i don't think the sky has fallen from the standpoint can we make adjustments and that its era parable or irreversible but we have to start waking up and saying states have a responsibility. we can't keep...
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and we can do it without raising taxes. [applause] so please, let's stand together and let's stand together with the over 2500 construction workers. we want to put to work building world class schools across the state for our world class workforce and while we're at it, let's make sure those 2500 plus construction workers newly employed by the jobs bill, are our friends and our neighbors. right now we have a law on the book that is supposed to require that at least half of the workers on any construction project funded by state or local taxpayer dollars be montana residents but it is riddled with loopholes and it is not enforceable. when taxpayer money is funding a project, let's put montana companies and montana workers first. [applause] again, together we can work together to close these loopholes, expand the requirement to all projects too, not just construction. and let's also significantly increase the proportion of montana workers required on any state or locally-funded project. i hope you'll join representative amand
and we can do it without raising taxes. [applause] so please, let's stand together and let's stand together with the over 2500 construction workers. we want to put to work building world class schools across the state for our world class workforce and while we're at it, let's make sure those 2500 plus construction workers newly employed by the jobs bill, are our friends and our neighbors. right now we have a law on the book that is supposed to require that at least half of the workers on any...